Beard Betting Tactics

A breakdown of how professional sports bettors operate and place bets, focusing on maintaining anonymity and managing relationships with bookmakers.

Core Betting Infrastructure

• Avoid betting directly at casinos
  • Casinos are "for losers and people who can't win"
  • Casinos will ban winning players
  • Need to find alternative betting channels

Using "Beards" (Proxy Betters)

• Definition: People who place bets on behalf of the real bettor
• Types of beards used:
  • Successful business people
  • Degenerate gamblers
  • Hollywood people
  • Professional athletes (e.g. Floyd Mayweather)

Operating Model

• Bet through street-level bookmakers
• Use credit-based betting systems
• Maintain anonymity
  • Nobody should know who's actually winning
  • Create layers between bettor and bookmaker

Performance Metrics

• Return measurements:
  • Bad year: 4-4.5% return per bet
  • Good year: 8-9% return per bet
  • Focus on return per bet rather than annual returns
  • Can't measure like traditional hedge funds due to capital deployment limitations

Modern Evolution

• Now uses fully automated systems
  • Runs two models simultaneously
  • Zero human intervention in decisions
  • Strict adherence to model outputs
  • No manual overrides even when model appears wrong

Scale of Operations

• Requires large betting volume for meaningful returns
• Need approximately $100M in total bets for $10M in profit
• Multiple bets placed daily to achieve volume
• Focus on consistent execution rather than individual wins